michaelstoen

Descending Triangle

Short
BITFINEX:BTCUSD   Bitcoin
Disregarding the wicks on the daily, this looks like a descending triangle, which in combination with the clear Head and Shoulders formation suggests strongly that we are headed down to one of the two support lines.

Plan is to go short if daily candle closes under 13000.

(amateur trader, happy for feedback and constructive criticism)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.